Harris Corporation to buy CapRock Communications for $525 million
22 May 2010
US-based defence and civillian sector communications equipment supplier yesterday entered into an agreement to acquire CapRock Communications, a global provider of mission-critical, managed satellite communications solutions for the energy, government and maritime industries for $525 million.
Founded in 1981 and based in Dallas, Texas, Caprock Communications with 2009 revenues of $359 million, is a premier global satellite communications provider for the energy, maritime, government, engineering and construction and mining industries as well as for disaster recovery services.
Headquartered in Houston, Texas, CapRock has over 700 employees located primarily in Houston, Washington, D C, the UK, Brazil, and Indonesia.
CapRock's strong US and international presence includes four international teleports, four 24x7 network operations centres, eleven field dispatch and customer service centres, and service on more than 50 satellites.
The company supports over 2,000 customer sites in over 120 countries around the world.
CapRock supports a wide range of customers in the energy, maritime and government industries, including Chevron, Diamond Offshore, ExxonMobil, Halliburton, MODEC, Shell, Transocean, KBR, Green Reefers, Gulf Offshore, Seatrans, Oceaneering, Subsea 7, the US Department of Defense, Department of Homeland Security and other federal civilian agencies.
